Asiacement (183190) - Net Assets

Latest as of December 2025: ₩1.10 Trillion KRW ≈ $746.22 Million USD

Based on the latest financial reports, Asiacement (183190) has net assets worth ₩1.10 Trillion KRW (≈ $746.22 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩2.18 Trillion ≈ $1.48 Billion USD) and total liabilities (₩1.08 Trillion ≈ $729.75 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Asiacement to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩1.10 Trillion
% of Total Assets	50.56%
Annual Growth Rate	5.38%
5-Year Change	19.74%
10-Year Change	65.62%
Growth Volatility	3.84

Asiacement - Net Assets Trend (2013–2025)

This chart illustrates how Asiacement's net assets have evolved over time, based on quarterly financial data. Also explore Asiacement (183190) total assets for the complete picture of this company's asset base.

Annual Net Assets for Asiacement (2013–2025)

The table below shows the annual net assets of Asiacement from 2013 to 2025. For live valuation and market cap data, see Asiacement market capitalisation.

Year	Net Assets	Change
2025-12-31	₩1.10 Trillion ≈ $746.22 Million	-0.48%
2024-12-31	₩1.11 Trillion ≈ $749.81 Million	+5.46%
2023-12-31	₩1.05 Trillion ≈ $710.98 Million	+7.20%
2022-12-31	₩978.68 Billion ≈ $663.24 Million	+6.43%
2021-12-31	₩919.59 Billion ≈ $623.19 Million	+11.66%
2020-12-31	₩823.58 Billion ≈ $558.13 Million	+2.19%
2019-12-31	₩805.97 Billion ≈ $546.19 Million	+2.55%
2018-12-31	₩785.94 Billion ≈ $532.62 Million	+12.71%
2017-12-31	₩697.31 Billion ≈ $472.55 Million	+4.88%
2016-12-31	₩664.84 Billion ≈ $450.55 Million	+6.10%
2015-12-31	₩626.63 Billion ≈ $424.66 Million	+6.42%
2014-12-31	₩588.83 Billion ≈ $399.04 Million	+0.34%
2013-12-31	₩586.82 Billion ≈ $397.68 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Asiacement's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 56992464800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩569.92 Billion	52.33%
Other Components	₩519.21 Billion	47.67%
Total Equity	₩1.09 Trillion	100.00%

Asiacement Competitors by Market Cap

The table below lists competitors of Asiacement ranked by their market capitalization.

Company	Market Cap
Rezolute Inc NASDAQ:RZLT	$289.31 Million
Tudor Gold Corp V:TUD	$289.38 Million
Jiangsu Jingyuan Environmental Protection Co Ltd SHG:688096	$289.45 Million
STEP Energy Services Ltd TO:STEP	$289.46 Million
Siddhi Acquisition Corp Class A Common stock NASDAQ:SDHI	$289.16 Million
Izertis Sa MC:IZER	$289.06 Million
Polaris Media OL:POL	$289.04 Million
OneIM Acquisition Corp. Class A Ordinary Shares NASDAQ:OIM	$288.94 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Asiacement's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,093,970,937,000 to 1,089,136,117,000, a change of -4,834,820,000 (-0.4%).
Net income of 16,892,742,000 contributed positively to equity growth.
Dividend payments of 10,157,776,000 reduced retained earnings.
Share repurchases of 10,637,007,000 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩16.89 Billion	+1.55%
Dividends Paid	₩10.16 Billion	-0.93%
Share Repurchases	₩10.64 Billion	-0.98%
Other Changes	₩-932.78 Million	-0.09%
Total Change	₩-	-0.44%

Book Value vs Market Value Analysis

This analysis compares Asiacement's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.39x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.06x to 0.39x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	₩210189.98	₩11730.00	x
2018-12-31	₩200079.24	₩11730.00	x
2019-12-31	₩204961.84	₩11730.00	x
2020-12-31	₩209123.66	₩11730.00	x
2021-12-31	₩232622.43	₩11730.00	x
2022-12-31	₩24769.84	₩11730.00	x
2023-12-31	₩26930.42	₩11730.00	x
2024-12-31	₩29126.86	₩11730.00	x
2025-12-31	₩29931.96	₩11730.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Asiacement utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 1.55%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.65%
• Asset Turnover: 0.47x
• Equity Multiplier: 2.00x
Recent ROE (1.55%) is below the historical average (5.60%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	1.87%	9.33%	0.15x	1.34x	₩-47.48 Billion
2014	6.64%	9.17%	0.53x	1.36x	₩-19.68 Billion
2015	7.04%	9.77%	0.55x	1.30x	₩-18.44 Billion
2016	6.26%	9.07%	0.54x	1.29x	₩-24.70 Billion
2017	7.97%	11.96%	0.51x	1.31x	₩-14.07 Billion
2018	1.96%	1.81%	0.44x	2.48x	₩-62.61 Billion
2019	3.49%	3.33%	0.44x	2.40x	₩-51.94 Billion
2020	2.91%	3.01%	0.41x	2.33x	₩-57.70 Billion
2021	10.45%	10.61%	0.44x	2.25x	₩4.07 Billion
2022	6.59%	6.11%	0.51x	2.11x	₩-32.94 Billion
2023	8.65%	7.46%	0.57x	2.05x	₩-13.93 Billion
2024	7.44%	7.33%	0.51x	2.01x	₩-28.00 Billion
2025	1.55%	1.65%	0.47x	2.00x	₩-92.02 Billion

Industry Comparison

This section compares Asiacement's net assets metrics with peer companies in the Building Materials industry.

Industry Context

Industry: Building Materials
Average net assets among peers: $501,283,131,606
Average return on equity (ROE) among peers: 22.55%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Asiacement (183190)	₩1.10 Trillion	1.87%	0.98x	$289.25 Million
Chosun Refractories Co Ltd (000480)	$513.29 Billion	6.65%	0.94x	$143.15 Million
Union Corporation (000910)	$174.56 Billion	-5.79%	1.15x	$47.82 Million
Tongyang (001520)	$223.24 Billion	0.00%	14.93x	$103.42 Million
Tongyang Inc (001525)	$374.95 Billion	170.06%	1.21x	$613.90 Million
Tongyang Inc (001527)	$834.11 Billion	0.40%	0.17x	$1.23 Million
Asia Cement (002030)	$534.91 Billion	1.23%	1.17x	$299.50 Million
Hanil Cement Co Ltd (003300)	$1.82 Trillion	2.69%	0.82x	$366.69 Million
Korea Petroleum Industries Co (004090)	$100.57 Billion	3.22%	1.35x	$137.42 Million
Samil C&S Co Ltd (004440)	$269.06 Billion	0.76%	0.32x	$70.92 Million
TWay Holdings (004870)	$164.73 Billion	46.32%	0.28x	$21.17 Million

About Asiacement

KO:183190 Korea Building Materials

Market Cap

$289.25 Million

₩426.82 Billion KRW

Market Cap Rank

#15119 Global

#562 in Korea

Share Price

₩11730.00

Change (1 day)

-3.06%

52-Week Range

₩10380.00 - ₩14740.00

All Time High

₩18421.93